Browsing: President Samia

• China pledges closer economic and trade ties with Africa at 2024 FOCAC Summit.
• Mulit-million dollar deals signed between Africa and China at key summit.
• Annual trade volume between China and Africa to reach $300Bn by 2035

The just concluded Forum on China-Africa Cooperation (FOCAC) Summit has opened new possibilities for Tanzania and Africa’s industry as a whole. Held in Beijing, China, this ninth summit was attended by all 53 African Heads of State or their representative hosted by Chinese President Xi Jinping.

The FOCAC summit has seen President Xi pledge over $50 billion in aid and loans to support what he described as “Africa’s modernization efforts.” He highlighted key funding areas to include infrastructure and agricultural development over the next three years. Notably, President Xi said this new commitment is in addition to China’s zero-tariff policy that was announced earlier to boost trade volume between Africa …

• Second Indonesia-Africa Forum (IAF) underway in Bali, Indonesia, almost clashing with the Forum on China–Africa Cooperation.
• Zanzibar President Mwinyi woos Indonesia investors to Zanzibar as he eyes a pie of the $3.5Bn in investment deals.
• The forum has, however, attracted far fewer participants from Africa compared to the 2018 meeting.

The Africa-Indonesia Investment Forum 2024 which is currently underway in Bali, Indonesia, is expected to generate a whopping $3.5 billion worth of investments. In attendance is the Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Mwinyi. President Mwinyi is representing the Tanzanian Union President Dr Samia Suluhu Hassan and is in the company of several other African Heads of State.

Present at this Second Indonesia-Africa Forum (IAF), include presidents from Zimbabwe, Rwanda, Ghana and Liberia among others. This High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) is been held concurrently with the IAF and has attracted well over 855 …

• The Dar-Dodoma SGR cuts travel time by more than half the time.
• Two Presidents and one former President aboard the maiden trip.
• Fast speed SGR expected to boost regional economic activities.

The launch of Tanzania’s SGR has ushered a new era across East Africa, where member countries are fast embracing electric train services to enhance transport and spur trade. This month, Tanzania became the latest of several other East African countries to invest in the Standard Gauge Railway (SGR). President Samia Suluhu Hassan and Zanzibar President Hussein Mwinyi as well as former President Jakaya Kikwete officiated the launch of the commercial operation of the country’s first SGR.

This initial August launch of the SGR services will serve between the commercial port city of Dar es Salaam and the capital city Dodoma. Being the first electric train, it marks a new age for the Tanzanian transport sector.

“The new SGR electric …

• President Samia strikes deal to increase volume of meat export to Saudi Arabia.
• Tanzania meat export segment is often undermined by quality, which is attributable to pests and diseases, a challenge the nation seeks to fix by rolling out mass livestock vaccination campaign.
• At least three Saudi Arabian companies plan to invest in Tanzania’s livestock, and fodder production sub-sectors.

Tanzania is rolling out livestock vaccination campaign as part of a raft of measures geared at enhancing the quality and volume of meat export. Although the East African nation boats of the third largest livestock herd in Africa, the quality of meat export is often hampered by persistent pests and diseases.

“We want every livestock keeper to vaccinate, and we will develop a specific vaccination schedule for each livestock disease,” said Livestock and Fisheries Minister Abdallah Ulega.

Policymakers in Tanzania seek to triple meat export by 2030 a goal that is …

Contrary to her predecessor, President Samia’s pro-business approach has yielded impactful results, paving the way to a prosperous investment journey for Tanzania. President Samia’s administration spent the first year and ten months dealing with various drawbacks that hurt the nation’s ability to market its investment potential to the world.

The government of Tanzania has done away with an unfriendly taxation system, complexity in issuing work permits to foreigners, and trade setbacks. Consequently, Tanzania’s pro-investment approach caught international economic analysts’ attention, including global credit rating, research and data, and Moody’s.…

• Tanzania hosts World Bank Group Human Capital Project (HCP)
• President Samia announces national efforts to increase youth employment
• Africa suffers the lowest learning poverty in the world

It is now three years since the World Bank Group launched the Human Capital Project (HCP) in 2018, and Tanzania is making the best of the initiative.

Let’s first look at the World Bank Group’s intentions under the Human Capital Project (HCP) and then see how Tanzania intends to lead the rest of Africa in the implementation of the project. The HCP is a global effort to “accelerate more and better investments in people for greater equity and economic growth.”

The HCP is an initiative by the World Bank to help countries increase employment and employability of their workforce.

Since its launch in 2018, the initiative now has some 87 members. On July 25, Tanzania hosted the launch of the Africa Heads of …

• Hard work pays – at least for strategic tourism markets such as Tanzania, which stands to become one of the world’s top destinations. Tanzania’s tourism industry emerged strong from a slump triggered by the Covid-19 pandemic.
• Over the past years, a number of top-rated tour firms and sites such as Trip Advisor, Safari Bookings, Visa First, and Craft Travel – have painted Tanzania as one of the most favorable tourist destinations in Africa.

Tanzania is now placed in the same league as South Africa, Africa’s most desired destination by tourists belonging to the Luxe Traveller Club. With iconic Mount Kilimanjaro, the Serengeti National Park and Ngorongoro Crater are some of the leading tourist attractions across the world among its offerings, you don’t have to look far to understand why.

“I was fortunate to stay at the Ngorongoro crater lodge, a stunning five-star hotel, probably one of the best in Tanzania …

• More than $33 million was poorly spent by various Tanzania government institutions including through inappropriate allowances to staff, audit shows.
• Lugalo Hospital, an institution belonging to Tanzania’s military, paid over $14,000 to a supplier for consultation and design without charging withholding tax.
• Corrupt officials in Tanzania’s Ministry of Health paid over $8 million to Toyota Tanzania and UNICEF for the purchase of motor vehicles that were never delivered.

Tanzania could be hurtling towards a fiscal risk as an increasing number of loss-making state-owned enterprises turn into avenues for plunder and embezzlement of public funds by corrupt public servants.

The latest audit report by the Controller and Auditor General (CAG) and Prevention and Combating of Corruption Bureau (PCCB) shows hundreds of state-owned enterprises in Tanzania are in the soup for sanctioning graft-ridden transactions leading to the loss of millions of public money.

The rot starts from the top. Take for instance, …

• Trade between China and Tanzania grew by 23.7% year-on-year, reaching US$8.31 billion in 2022
• China pledges increased cooperation under its Global Development Initiative
• As of 2022, trade volume between China and Africa reached US$282 billion dollars, an 11.1% year-on-year growth.

China-Tanzania relations can be measured in growing trade portfolios and can be seen in Chinese President Xi Jinping’s choice to make Tanzania the first African country to visit when he came into power in 2013.

Not only was Tanzania President Xi’s first African country to visit but his first overseas trip since assuming the presidency.

In his speech 10 years ago, delivered at the Julius Nyerere International Convention Center which was built with Chinese assistance, President Xi cemented relations between the two long-term friends and partners.

In his speech titled; “Be Trustworthy Friends and Sincere Partners Forever,” President Xi emphasized the principles of sincerity, goodwill, good faith, and pursuing the …